Virtual Versions (VV): Empowering Users With AI Digital Twins

As web3 development continues to progress, the question of identity is on everyone's minds. How do users represent themselves in the metaverse? Who owns the identities created by web3 participants? Virtual Versions aims to answer these questions. This personalized avatar technology hopes to solve data privacy issues and allow for a more personalized web3 experience. This helpful guide explores whether Virtual Versions' promising project is likely to be a success.

Key Takeaways:

• Virtual Versions is a platform for creating personalized AI-generated 3D avatars, enabling users to take ownership of their own data.

• Its service uses cutting-edge AI generation techniques to help users build their avatars.

• Looking to trade Virtual Versions tokens? Bybit now offers the VV/USDT Spot trading pair.

What Is Virtual Versions?

Virtual Versions is a platform for creating personalized AI-generated 3D avatars. Its service enables users to take ownership of their data. Each avatar owner controls their own digital information, and a biometric ID provides secure storage for private data.

History of Virtual Versions

Virtual Versions is a side project from Unus Labs. Led by entrepreneur Harrison Gwinnett, Unus Labs aims to make the concepts from Ready Player One, a popular American science fiction film, a reality. Their vision for the future includes a complex metaverse where people can use a digital avatar to interact with a variety of games, social media sites and other services.

Virtual Versions was created as a way for participants in the Unus Labs project to interact with the digital world. The basic concept is to create avatars with generative AI technology so users have a realistic figure to represent themselves in a virtual realm. As the project has progressed, its creators have added more features to restore data privacy, prevent data breaches and enhance realism. Instead of making a digital realm where users are a product the company can sell to marketers, Virtual Versions tries to give customers the tools to control their presence in the virtual realm.

What Does Virtual Versions Aim to Achieve?

Virtual Versions aims to streamline the process of interacting with games and virtual worlds. Instead of making different accounts, users have a single image to explore the entire digital landscape with. The avatars designed by Virtual Versions can function within web3, virtual reality (VR) and augmented reality (AR) spaces.

The second goal of Virtual Versions is to provide users with a realistic and customizable avatar. Their AI-powered digital twins let users upload a photo and then generate a 3D avatar that moves as if it's in a physical space. Virtual Versions attempts to make this look as photo-realistic as possible in both VR and 2D settings. You can also further customize your avatar to match your inner vision of how you appear.

The final paradigm shift that Virtual Versions hopes to tackle is data ownership. With Virtual Versions, the designs you make are wholly your own. Garments, game items and other digital assets are all your property, and can be traded throughout web3 marketplaces. Your personal data, such as where you go and what you do, also remains private and personal. A two-tier security system aims to provide complete identity protection.

How Does Virtual Versions Work?

Virtual Versions uses cutting-edge AI generation techniques to help build avatars. Users input an image from their mobile app and within 90 seconds, Virtual Versions provides them with an AI-powered digital twin. Proprietary in-house software facilitates further customizations. You can fine-tune everything from facial expressions to hairstyles and control how your avatar looks in any virtual environment.

In addition to the machine learning techniques used to turn a physical entity into an avatar, Virtual Versions also relies on a blockchain system that helps prevent data breaches and enhance personal control over data. Through a permission layer, users can choose to monetize their data and receive digital assets. The blockchain also allows for the creation of truly unique items, such as clothes linked to users’ digital identities, and keeps track of assets and transfers.

Features of Virtual Versions

Virtual Versions is a lot more than just a basic digital twin service. In addition to providing users with a physical entity for exploring digital landscapes, the company offers the following features.

VV Social

VV Social is a hub that lets you use your virtual version to explore the metaverse. You'll be able to connect with friends, trade wardrobe items, monetize your data collection, store your digital assets and more. VV Social makes it easy to link all your items to a single image that represents your metaverse presence. This comprehensive platform can be accessed through a convenient mobile app, and comes with plenty of remote assistance.

Buyback & Burn

To manage user purchases and data monetization, Virtual Versions has a utility token called VV. To improve token value, various membership subscriptions allow the company to buy back tokens, which are then burned. This is important because Virtual Versions can only effect a paradigm shift if its cryptocurrency has actual value. By burning tokens and increasing scarcity, the company ensures their crypto is valuable enough to incentivize users during tasks such as data collection.

Staking

Participants can stake tokens to provide remote assistance with transaction validations and network stability. In exchange for supporting the Virtual Versions blockchain, stakers receive block rewards that enable users to get involved in Virtual Versions while earning a passive income stream.

Virtual Versions Road Map

Virtual Versions is a relatively new project, so it’s still in the early stages of achieving its goals. So far, its team has designed the basic system, launched the beta version of VV Social and released the VV token on exchanges.

The current road map shows that in late 2023, Virtual Versions intends to publicly launch the platform and start collaborating with a variety of other brands and web3 projects. The next phase will be to add data monetization to the platform, generate NFTs and integrate avatars into various games and other virtual worlds. The final stage is to expand the virtual environment into a digital world where people can purchase goods, create businesses and participate in a variety of other online communities.

VV Tokenomics

VV is the token that makes data ownership possible for Virtual Versions users as they create unique items, fund their digital identities and receive compensation for their data. VV is a multi-chain token based on Ethereum and BNB Chain. With a total supply of 1 billion tokens, its current market cap is $583,801 (as of Sep 25, 2023). The token distribution for VV is as follows:

• Seed round: 4.5%

• Private round: 12%

• KOL round: 5%

• Public sale: 5%

• Treasury: 11.5%

• Liquidity: 16%

• User rewards: 15%

• Team: 13%

• Advisors: 6%

• Marketing: 12%

Where to Buy VV

Though Virtual Versions is still in the early stages of releasing its crypto, you can already find it listed on several popular exchanges. For example, Bybit offers the VV/USDT Spot trading pair. 

To get started trading on Bybit, you’ll need to first establish a Bybit account and fund it with cryptocurrency. Then, navigate to the VV/USDT Spot trading page to trade. 

Is VV A Good Investment?

The concept of using machine learning to provide people with a digital twin could potentially be extremely popular. However, Virtual Versions is a new project that hasn't yet developed all its great ideas. There's likely to be some hype around the company’s IDO, so it could be a good option for investors who like high-risk, short-term options. Unless Virtual Versions is able to actually deliver on their promises, however, its crypto doesn't seem likely to generate a lot of staying power. There's no harm in investing a little in it, but investors need to exercise caution and avoid overextending themselves. As always when investing, do your own research before committing your funds.

Closing Thoughts

Virtual Versions has the potential to make navigating the metaverse as easy as finding your way in a physical space. The company still needs to prove it can launch all of its features and onboard enough companies to make its digital realm a community. If they can achieve this, the VV token could be quite profitable — and even if they don't, VV might still provide some exciting investment opportunities. This is definitely a token and a web3 project to watch.

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